Patricia, the president of a company that makes batteries, has a new interest in the environment. Sherecently went to a seminar on environmental dangers and has decided to take steps to clean things up. She started at home and was also committed to change things at work. Patricia had to face the fact thather company has been cheating and is not in compliance with applicable environmental regulations dueto dumping in a nearby river. Her company has never been cited, however, because it employs a verylarge number of people in the community, including the mayor's wife and the chiefofpolice's brother. Onher mission to clean things up, Patricia has decided to go even further than the law requires and installthe very latest environmental protections. When she announced her plan, the chair of the company'sboard of directors, Cindy, had a meeting with Patricia. Cindy told Patricia to analyze the situationcarefully because the cost of the additional equipment would mean no dividend to shareholders and noraise for employees. Furthermore, Cindy told Patricia that installing all the new equipment would result inhigher prices for the company's batteries and could bankrupt the company because of foreigncompetition. Cindy hinted that Patricia could be fired if she persisted. Cindy suggested that Patricia justbe concerned with a minimal standard of ethics. Which of the following is the minimal standard that abusiness must meet in a consideration of business ethics?1. Decisions must meet the criteria of a follower of the WPH framework for business ethics.2. Decisions must meet the requirements of the most important stakeholders.3. Decisions must receive a majority vote of acceptance by employees.4. Decisions must be legal.5. Decisions must be legal, and decisions must receive a majority vote of acceptance by employees
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